Alt Coins forecast for the week of February 26, 2018, Technical Analysis

BTCBTC/USD

Bitcoin Gold has initially tried to rally during the week but has turned around to form a bit of a shooting star. There is a hammer that sits just below though, so I think that the market is going to continue to be difficult, and longer-term traders are going to have a hard time getting involved in this market with a large amount of capital. Ultimately, I think that the $100 level underneath will be supportive, but I also recognize that the $150 level above should be resistive.

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BTG/USD DASH USD and XMR USD Video 26.02.18

DASH/USD

The DASH market initially tried to rally during the week, but struggled at the $800 level, an area that has been important in the past. We turned around to form a shooting star, and that of course is a negative sign. The Bitcoin markets are starting to roll over, that has a lot influence on these other crypto currencies, and of course DASH is no different. I believe that the market is going to continue to consolidate between $800 on the top, and $400 on the bottom.

Monero

The Monero market initially tried to rally during the week as well, but just like Bitcoin, we rolled over to form a shooting star. The markets continue to see the $325 level as a bit too expensive, and therefore it makes sense to see this happen. Ultimately, I think that the market continues to struggle, and it’s not until Bitcoin rallies that I think that the Monero markets can continue to show signs of strength.

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